Finish Line (Finish Line) Intangible Assets : $69 Mil (As of Feb. 2018)

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What is Finish Line Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Finish Line's intangible assets for the quarter that ended in Feb. 2018 was $69 Mil.

Finish Line Intangible Assets Historical Data

The historical data trend for Finish Line's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Finish Line Intangible Assets Chart

Finish Line Annual Data

Trend

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Intangible Assets

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25.61

34.72

90.30

68.88

Finish Line Quarterly Data
	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18
Intangible Assets	Get a 7-Day Free Trial															90.30	-	86.22	84.27	68.88

Finish Line Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Finish Line (NAS:FINL) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Finish Line Intangible Assets Related Terms

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Finish Line (Finish Line) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Finish Line Inc (NAS:FINL) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.finishline.com

Finish Line is a United States-based specialty retailer that is principally engaged in the sale of athletic footwear, apparel, and accessories, with presence in the United States, Puerto Rico, and the District of Columbia. The company operates business through physical stores and digital formats under two brands: Finish Line and JackRabbit. Finish Line is a mall-based retailer offering brand names including Nike, Brand Jordan, Adidas, Under Armour, and Puma. JackRabbit is a lifestyle community-based retailer offering brand names, such as Brooks, Asics, Nike, Saucony, New Balance, and others. The company also operates unbranded stores at Macy's, without Finish Line signage. The company generates the majority of its total net sales from the Finish Line division.

Executives

Torrence Boone	director	3308 N MITTHOEFFER, INDIANAPOLIS IN 46235
Richard P Crystal	director	THE FINISH LINE 3308 N. MITTHOEFFER RD. INDIANAPOLIS IN 46235
William P Carmichael	director	3308 N. MITTHOEFFER ROAD, INDIANAPOLIS IN 46235
Imran Jooma	officer: EVP, Div Pres, Omni Strat	3333 BEVERLY ROAD HOFFMAN ESTATES IL 60179
Alan H Cohen	director, 10 percent owner, officer: Chairman of the Board	3308 MITTHOEFFER RD, C/O THE FINISH LINE INC, INDIANAPOLIS IN 46236
Schultze Asset Management, Llc	10 percent owner	3000 WESTCHESTER AVENUE, PURCHASE NY 10577
George J Schultze	10 percent owner	C/O SCHULTZE ASSET MANAGEMENT, LLC, 3000 WESTCHESTER AVENUE, PURCHASE NY 10577
Kevin S Wampler	officer: Executive Vice President - CFO	3308 N MITTHOEFFER RD, INDIANAPOLIS IN 46235
Jeffrey H Smulyan	director